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Qualcomm is rated Strong Buy, with current weakness seen as a long-term buying opportunity amid data center AI breakthroughs. QCOM's data center revenue is expected to scale from 2027, with Meta as a key anchor client and robust validation processes underway. Shares trade at a forward P/E of 16, pricing in only the stagnating mobile business; future data center and robotics growth is not reflected.
Qualcomm President and CEO Cristiano Amon is not a morning person, so the meetings that decide the most get scheduled last, when nothing has to end on time. Ryan Patel spent a day with Amon at Qualcomm's San Diego campus: a ride in the 1973 Bronco he rebuilt, thirty minutes inside an all-hands where his own employees pushed back on the company's bets, and a walk through the 6G and robotics labs.
Corning and Qualcomm popped on Tuesday, and lifted other companies tied to the AI infrastructure trade, including Intel and Advanced Micro Devices. Qualcomm announced a partnership with Amazon that included issuing $4 billion in stock warrants to the cloud provider.
Qualcomm CFO Akash Palkhiwala discusses the company's deal to create customized chips for Amazon Web Services' AI infrastructure. Speaking on "Bloomberg The Close," Palkhiwala also comments on Qualcomm's AI data center strategy and the future of smartphones.
Qualcomm is teaming up with Amazon to build next-generation AI data centers. Amazon obtained a warrant to buy up to $4 billion of Qualcomm's stock as part of the agreement.
Intel (INTC) led a broad semiconductor advance Tuesday, with shares jumping 8% as investors weighed a potential CPU price increase and a fresh analyst upgrade.N
Qualcomm's stock is getting a lift after the chipmaker announced a new partnership with Amazon.
Qualcomm (QCOM) establishing an AI collaboration with Amazon (AMZN) is something Futurum CEO Dan Newman sees as "very optimistic." The partnership is currently valued at $60 billion.